The S&P500 has broken a significant downtrend line on November 13th at 4393.57, potentially signaling a change in trend. This could be a bullish sign for traders, as the index may be ready to move higher. Key Resistance Level to Watch The next key resistance level to watch is 4637.3, which has been a major obstacle for the S&P500 in the past. If the index can break above this level, it could be a strong bullish signal. What Does This Mean for Traders? For traders, this breakout could be a sign that the S&P500 is ready to move higher, potentially providing long opportunities. However, it’s important to keep in mind that the market can be unpredictable, and there are always risks involved with trading. Risk Management is Key As with any trading, it’s important to set your own risk management and never invest more than you can afford to lose. Be sure to do your own research and consider your own risk tolerance before making any trading decisions.
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Since the Russian invasion of Ukraine, Europe has decreased its gas demand by 20 percent, reaching the lowest level in a decade. Consumption has been curbed, and gas from Russia has been replaced by LNG (liquefied natural gas). The decline has been particularly noticeable in large countries such as Germany, Italy, and the United Kingdom, […]
With the aim of ensuring a smooth post-Chinese New Year return, the central bank has moved its pieces in advance by implementing the most significant cut in interest rates, particularly on the prime rate crucial for the chain of mortgage loans. Currently, the calming effect is observed mainly in the stock markets. The Shanghai Composite […]
There appears to be no halt in the upward trajectory of cocoa bean prices. In 2023, cocoa emerged as the top-performing commodity, skyrocketing by 65%. Just two months into the new year, there’s already another surge of over 40%. This places cocoa, the vital ingredient for chocolate, at the forefront of Bloomberg’s data aggregator overview […]
Blockchain technology is still in an exploratory phase in the European financial sector, but widespread adoption in wholesale payments is expected in the coming years, prompting central banks to take action. This was stated by European Central Bank member Piero Cipollone while opening the 30th Assiom Forex Congress in Genoa, emphasizing that “central banks cannot […]
Heineken and Pernod Ricard are expected to face their quarterly earnings test this week. An appointment that, in case of disappointing results, would definitively certify that inflation is now making its presence felt in consumers’ wallets. Both producers, like other competitors in the sector, have been exposed for some months to a declining market, albeit […]
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